Engineering
Global hybrid microgrid market to exceed 11.9 billion in 2019
Global hybrid microgrid market to exceed 11.9 billion in 2019
[cable network news] recently, foreign market research Reportlinker released a new report pointed out that the 2014-2019 globalhybrid microgridThe market will grow at a compound annual growth rate of 12.8, from $1.0512 billion (about 6.52 billion yuan) in 2014 to $1.9225 billion (about 11.92 billion yuan) in 2019.
Hybrid microgrid is a combination of different energy sources to produce a microgrid. In the past, some historical reasons led to the growth of AC technology being higher than DC power systems. Today, however, growing technological advantages in power conversion, generation, transmission and consumption are once again establishing the home base of the DC power system. This DC power system is expected to prevail in microgrids, which are seen as the future of smart power distribution systems. Therefore, by evolving hybrid AC/DC microgrids, the integration of DC technology into existing AC systems can be guaranteed.
Major players in the global microgrid market include ABB, Siemens, Honeywell International, General Electric, Lockheed Martin, Eaton Group and others. These market players use the important strategy of launching new products and mergers and acquisitions to ensure business growth.
Note: This article uses the exchange rate of US $1 = RMB 6.2010.
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